Atmos Energy (NYSE:ATO) Price Target Raised to $198.00 at JPMorgan Chase & Co.

Atmos Energy (NYSE:ATO) had its price target raised by JPMorgan Chase & Co. from $196.00 to $198.00 in a report issued on Tuesday,Benzinga reports. They currently have an overweight rating on the utilities provider’s stock.

Several other brokerages also recently commented on ATO. Weiss Ratings downgraded shares of Atmos Energy from a “buy (b+)” rating to a “buy (b)” rating in a report on Tuesday, June 2nd. Wells Fargo & Company began coverage on shares of Atmos Energy in a report on Monday. They issued an “overweight” rating and a $200.00 price target for the company. TD Cowen increased their price objective on shares of Atmos Energy from $193.00 to $196.00 and gave the stock a “hold” rating in a research report on Friday, May 15th. Morgan Stanley set a $190.00 price objective on shares of Atmos Energy in a report on Wednesday, June 24th. Finally, Barclays cut their price objective on shares of Atmos Energy from $184.00 to $183.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Four research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $186.33.

Atmos Energy Stock Performance

Shares of Atmos Energy stock opened at $178.47 on Tuesday. The stock’s fifty day simple moving average is $174.35 and its 200 day simple moving average is $177.23. The company has a current ratio of 1.00, a quick ratio of 0.89 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $29.79 billion, a PE ratio of 21.93, a PEG ratio of 3.11 and a beta of 0.60. Atmos Energy has a 12 month low of $152.80 and a 12 month high of $192.51.

Atmos Energy (NYSE:ATO) last posted its earnings results on Wednesday, May 6th. The utilities provider reported $3.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.37 by $0.10. Atmos Energy had a return on equity of 9.59% and a net margin of 27.58%.The firm had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.94 billion. During the same period in the previous year, the firm earned $3.03 earnings per share. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. On average, research analysts predict that Atmos Energy will post 8.45 EPS for the current year.

Atmos Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 8th. Investors of record on Tuesday, May 26th were given a $1.00 dividend. The ex-dividend date of this dividend was Tuesday, May 26th. This represents a $4.00 dividend on an annualized basis and a yield of 2.2%. Atmos Energy’s dividend payout ratio (DPR) is 49.14%.

Institutional Investors Weigh In On Atmos Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. TABR Capital Management LLC purchased a new stake in Atmos Energy in the 4th quarter valued at about $1,096,000. Eurizon Capital SGR S.p.A. purchased a new position in shares of Atmos Energy in the 4th quarter worth approximately $34,582,000. Swiss Life Asset Management Ltd grew its holdings in shares of Atmos Energy by 133.1% in the third quarter. Swiss Life Asset Management Ltd now owns 39,904 shares of the utilities provider’s stock valued at $6,814,000 after acquiring an additional 22,784 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Atmos Energy by 12.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 182,173 shares of the utilities provider’s stock valued at $30,853,000 after acquiring an additional 20,408 shares in the last quarter. Finally, Principal Financial Group Inc. grew its holdings in shares of Atmos Energy by 30.9% in the fourth quarter. Principal Financial Group Inc. now owns 486,229 shares of the utilities provider’s stock valued at $81,507,000 after acquiring an additional 114,836 shares in the last quarter. 90.17% of the stock is owned by institutional investors.

Atmos Energy Company Profile

Atmos Energy Corporation (NYSE: ATO) is a U.S.-based natural-gas utility that primarily focuses on the regulated distribution of natural gas. Headquartered in Dallas, Texas, the company operates through local distribution systems to deliver natural gas to residential, commercial, industrial and electric generation customers. Atmos’s core activities include pipeline operations, gas distribution, system maintenance and reliability programs designed to ensure safe and continuous service to its customers.

The company’s services encompass gas delivery, system integrity and maintenance, storage and transmission connections, and customer-facing programs such as billing, conservation initiatives and energy-efficiency offerings.